1997-VIL-93-SC-DT

Equivalent Citation: [1998] 232 ITR 319 (SC)

Supreme Court of India

Civil Appeal No 123 of 1989 with 20 of 1985.

Date: 16.07.1997

GOBIND SUGAR MILLS LIMITED

Vs

COMMISSIONER OF INCOME TAX

For the Appellant : Darshan Singh, Advocate, for M/s. Khaitan and Co.
For the Respondent :K. N. Shukla, Senior Advocate (Arun K. Sharma and B. K. Prasad, advocates)

BENCH

SUHAS CHANDRA SEN AND S. P. KURDUKAR JJ.

JUDGMENT

Civil Appeal No. 123 of 1989 : In this case the expenditure relates to the acquisition of a leasehold right for setting up of a sugar factory. The expenditure is clearly of a capital nature. The appeal is dismissed. There shall be no order as to costs.

Civil Appeal No. 20 of 1985 : In view of the order passed in C. A. No. 123 of 1989, this appeal is dismissed. There shall be no order as to costs.

 

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